Investment Dealer

Key Accountabilities

Execution, time split 70%

• Prepare dealing tickets to the intermediaries and ensure they are logged into the fund management system accurately and timeously.
  
• Timely, accurate and competitive dealing with placement counterparties with view to maximizing returns to the organization while managing risk and tax efficiency.
  
• Ensuring timely settlement of the trades with custody and in the Investment system.
  
• Negotiating and closing investment opportunities with potential counterparties.
  
• Implementation of investment decisions made by the Investment Committee in liaison with the investment manager.
  
• Ensuring complete documentation/recording of trades/deals in compliance with internal procedures.
  

Liquidity Management, time split 10%

• Recommend rebalancing actions based on market developments and cash flow needs.
  
• Monitor upcoming investment maturities/Roll-overs and informing investment managers/private wealth clients in a timely manner.
  

Stakeholder Management, time split 10%

• Initiating and sustaining good relationships with investment counterparties including banks, brokers, custodians, and other market participants to ensure efficient exaction of deals.
  
• Organize continuous and periodic review meetings with listed and unlisted institutions to facilitate investment management decision making.
  
• Coordinate meetings with potential investment issuer
  

Risk Management and Compliance, time split 10%

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards.
  
• Understand and manage risks and risk events (incidents) relevant to the role.
  
• Compliance with Service providers and counterparty SLA
  

Other Duties

• Data steward -Support in maintaining all research databases always updated.
  
• Investment Committee coordination
  
• Monitoring counterparties and appraising them
  

Preferred Qualification

• A first degree in relevant subjects preferably Business Management, Commerce, Actuarial Science etc.
  
• Must be a Chartered Investment & Financial Analyst (CIFA) certified or actively pursuing CIFA qualifications and registration
  
• Professional qualifications which may include CFA, CPA, CISI, CAIA and/or other relevant professional qualifications in fund management will be an added advantage
  

Preferred Experience

• A minimum of three (3) years’ experience in Investment Dealing or other relevant areas.
  
• Experience in use of Investment Management and Research Systems.
  

Knowledge and Skills

• Knowledge of the Kenya financial services industry, Capital Markets Authority (CMA) & Retirement Benefits Authority (RBA) Guidelines.
  
• Knowledge of good practice in financial analysis and dealing and related activities including risk and governance frameworks.